v3.26.1
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments - Schedule of Derivative instruments (Assets/ Liabilities) at fair value (Table)

As of December 31, 2025:

 

a) Derivative Asset:

 

Effective Date Termination Date Notional Amount in thousands of EUROS Notional Amount in United States Dollars Fixed Rate the Company receives in EURO Fixed Rate the Company pays in United States Dollars   Fair Value December 31, 2025, in United States Dollars
26/07/2022 26/07/2029 100,000 101,800 4.40% 6.55%   13,682
        Total Fair Value $ 13,682

 

 

As of December 31, 2024:

 

a) Derivative Asset:

 

Effective Date Termination Date Notional Amount in thousands of EUROS Notional Amount in United States Dollars Fixed Rate the Company receives in EURO Fixed Rate the Company pays in United States Dollars   Fair Value December 31, 2024, in United States Dollars
26/07/2022 26/07/2029 100,000 101,800 4.40% 6.55%   1,574
        Total Fair Value $ 1,574

 

b) Derivative Liabilities:

 

Effective Date Termination Date Notional Amount in thousands of EUROS Notional Amount in United States Dollars Fixed Rate the Company receives in EURO Fixed Rate the Company pays in United States Dollars   Fair Value December 31, 2024, in United States Dollars
21/10/2021 21/10/2025 120,000 139,716 2.65% 3.66% $ 14,588
21/10/2021 21/10/2025 30,000 34,929 2.65% 3.69%   3,526
        Total Fair Value $ 18,114
Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivative Designated as Accounting Hedge (Table)

 Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivative Designated as Accounting Hedge (Table)

- Derivative designated as accounting hedge 

  For the years ended December 31,
 Amount of gain / (loss) recognized in accumulated other comprehensive loss   2025   2024   2023
Cross-currency swap agreement related to 2022 Bonds $ 10,239 $  (7,239) $ 5,286
Reclassification to other income, net   (11,525)    8,536   (2,106)
Total (loss) / gain recognized in accumulated other comprehensive loss $ (1,286) $  1,297 $ 3,180

 
Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivatives not Designated as Accounting Hedge

Derivative Instruments - Summary of Gain (Loss) on Change in Fair Value of Derivatives - Derivatives not Designated as Accounting Hedge 

- Derivatives not designated as accounting hedges:

  For the years ended December 31,
 Amount of gain / (loss) recognized in other income, net   2025   2024    2023
Change in fair value of derivatives related to 2021 Bonds $ 18,114 $ (10,934)  $ 5,529
Realized interest expense of derivatives related to 2021 Bonds   (1,119)   (2,141)    (2,111)
Total gain / (loss) recognized in other income, net $ 16,995 $ (13,075)  $ 3,418